Course unit title

Islamic Macroeconomics

Course unit code

: EKT203

Type of course unit (compulsory, optional)

compulsory

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

  

Year of study when the course unit is delivered

(if applicable)

  

Semester/trimester when the course unit is delivered

 3

Number of ECTS credits allocated

  

Name of lecturer(s)

  

Learning outcomes of the course unit

The aim of this course is to educate students to have the ability to understand Islamic macroeconomic concepts. After taking this course, students are expected to be able to understand macroeconomic problems in Indonesia and globally by using analysis of conventional economic theories and Islamic economics

Mode of delivery (face-to-face, distance learning)

face-to-face, distance learning

Prerequisites and co-requisites (if applicable)

EKT151 (Introduction to Islamic Economics)

Course content

This course provides knowledge to students about macroeconomics from an Islamic perspective. The course structure of this course follows standard Macroeconomic Theory, which includes long-term Economic Analysis (investment and economic growth), medium-term (Aggregate Supply and Aggregate Demand, Inflation and the Money Supply) and short-term (Goods Market and Money Market)

Recommended or required

reading and other learning resources/tools
  • Askari, H., Iqbal, Z., and Mirakhor, A., (2015). Introduction to Islamic Economics: Theory and Application. John Wiley & Sons, Singapore.
  • M. Abdul Mannan (MA), Islamic Economics, theory and practice
  • Muhammad (Muh1), Fiscal and Monetary Policy in Islamic Economics
  • Metwally (Met), Islamic Economic Theory and Models
  • Supriyanto, Comparison of Islamic and conventional macroeconomics
  • Adiwarman Karim (AK2), Islamic Macroeconomics
  • Umer Chapra (UC), Islamic Monetary System

Planned learning activities and teaching methods

Lecture, Discussion, Assignment

Language of instruction

Indonesian

Assessment methods and criteria

Mid and final exam (30%), Assignment (25%), Soft skills (10%), Participation (5%)